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This allows some well qualified individuals to refinance or purchase a home at 3.125%* for no cost or even get a credit (they pay you!) towards closing.

Here at Slickdeals, we've actually had several employees use Box Home Loans, and after realizing it was such a good deal, we reached out to them to see if they could offer something even sweeter to our users. We've done a lot of comparison shopping for our own personal homes and Box Home Loans have always been the lowest (so far!) in fees, closing costs and rates! From our personal experience, its fast and no-nonsense.

Box Home Loans services the following states:

Arizona

California,

Colorado,

Idaho,

Nevada,

New Mexico,

Oregon,

Texas,

Utah

Washington

To give you guys an idea of the rate comparisons we did some research today*: RATES ARE ALWAYS CHANGING SO BE SURE TO CHECK THE BOX HOME LOANS WEBSITE FOR CURRENT RATES - ITS EASY, NO EMAIL NECESSARY JUST PLUG IN THE NUMBERS.

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Last Edited by mrkk
July 19, 2013
at
02:44 PM

If you walk away AFTER locking the rate it would cost you about 1000$ (some fee and appraisal costs)

Now offered in AZ!!

Box Home Loans BAD EXPERIENCE -
Just a FYI I had a bad experience using box. I was getting a ~400k loan on my house worth over 1 million and they refused to close the loan because 1 of 3 bathrooms was not complete, even though the "as-is" appraisal on my house was still ~1 million. After wasting my time I used CashCall got the same same rate and they funded the loan with no problems whatsoever...

IF INTERESTED IN PROVIDENT.com, sign up with perkspot and get code for .25 rebate which is $250.00 for each 100K in loan value.

Box Home Loans only charges $149* in total lender and broker fees for conventional loans, and $199 for FHA Loans. No origination fees. No underwriting fees. No wire fees. No junk. And no, we do not raise your interest rate to make up for the low costs.

Compare the Right Fees

Read carefully. This is where most shoppers get taken. There are three types of fees in a mortgage quote--lender fees, third-party fees, and prepaid/escrow items--and only some of these should affect your comparison. We will summarize each and tell you how you should compare them.

Lender Fees
Lender fees consist of two things: points/origination fees and “junk” fees. You must take both into consideration. I repeat: you must add them together. Some lenders brag about charging “no points” only to charge you an “admin” fee of $1,995. Or others might advertise, “no junk fees” only to charge you twice the points of another lender. You also must know the following about the two different kinds of lender fees:

Points and/or Origination Fees
There are subtle differences to points and origination fees, but for the sake of comparison, they should be viewed as the same thing. The most important thing to know about points and origination fees is that their amounts go up or down as the interest rate goes up and down. Generally speaking, the lower your rate, the more you pay in points or origination fees. The higher the rate, the less you pay in points.

Lender “Junk” Fees
Underwriting Fees, Admin Fees, Tax Service Fees, Flood Certification Fees, Pay-For-My-Trip-To-Hawaii Fees, yada yada yada. The list goes on and on. It is somewhat amusing to see what kind of fees lenders make up. Basically, these are any fees not charged by the third parties below. And if a broker tries to pass off his partnering lender’s underwriting fee as a third-party expense, don’t believe it. Essentially, all fees not charged by the appraiser, credit agency, title company, or attorney, are all considered lender fees.

Third-Party Fees

Third-party fees don’t matter as much to your comparison because those fees are essentially the same no matter where you get your loan. In fact, it is illegal for a mortgage company to pad these third-party fees. These costs include the appraisal, credit report, title company fees, and government fees (recording, transfer taxes, tax stamps, etc). Third-party fees do vary somewhat from provider to provider. Not all title companies charge the exact same fees, for example. But the differences are minimal and typically not subject to change. Therefore, don’t waste too much time haggling over these. Haggle over the stuff that matters—lender fees!

Prepaid/Escrow Items

Prepaid/escrows items should have ZERO bearing on your comparison between two lenders. They represent the amount collected either to pre-pay (or escrow) your taxes, insurance, and interest. The amount a lender can collect for these items is highly regulated by the federal government, and does not fluctuate significantly from lender to lender. Yes, it is critical to understand the amount required for these items, but worry about this after you have chosen your lender.

To compare one lender with another, simply add up the points, origination fees, and lender “junk” fees for each lender.

What separates Box Home Loans from the rest is our lack of fees. It is stunning, actually. The only fees you will see from us are the points or lender credit associated with your rate and a processing fee of $149 for conventional loans and $199 for FHA loans.

Finally, whether you choose Box Home Loans for your next mortgage, these three comparison rules—Same Day, Same Rate, Right Fees—will prove invaluable as you shop for your next mortgage. Never again will you have to ask yourself, “Did I just pay too much?”

For everything else, make sure you're comparing the same rates, same values, and on the same day! It matters!

----

NOTE on CURRENT RATESMake sure to check these rates OFTEN. Rates are RISING FAST this week, specifically yesterday.

514 Comments

I priced them all for my refi, the cheapest wound up being provident,com they do 3.625 for a 30 year fixed and give credit closing, a 15 year was 2.875 all closing called. Do a google search and you'll see other websites swear by them. Boxhome loans did come in close second but was about 1500 more expensive for the same loan.

I priced them all for my refi, the cheapest wound up being provident,com they do 3.625 for a 30 year fixed and give credit closing, a 15 year was 2.875 all closing called. Do a google search and you'll see other websites swear by them. Boxhome loans did come in close second but was about 1500 more expensive for the same loan.

Thanks we'll have to check them out too and see if they'll give slickdeals' users a special deal

Deals like this never come up for New York State. I really want to refinance my mortgage since I am at 6%, but I don't think we will be in the house too much longer so it pretty much has to be no closing costs because our mortgage is fairly small.

Provident.com works with 47/50 states, Wow, the first two people to search live in the three states that cant work with them. Well, I think they are cheap and I think they offer .125 credit if you sign up for an "employee" discount. I got the extra credit as a govt employee here in southern california, maybe we can do something for slickdeals.net "employees"?

As we're trying to compare costs with Provident, its hard because they don't have a breakdown of closing costs. So while they may have a larger "credit", we dont know the total fees so its impossible to compare.

Can someone chime in on that?

I see right off the bat that their base fee is Fees charged by Provident Fundings

Thanks we'll have to check them out too and see if they'll give slickdeals' users a special deal

*Edit: doh, of course they don't service Nevada. grr.

boxhomeloans was a close second and they offered the same discount for me being a govt employee, but they were nicer over the phone and they say they are quicker, some pople state they closed refis in two weeks. cashcall was also competitive but bad cs over the phone. I think these online companies are cheaper because of cheaper underwriting and quality of loan officers. They answer basic questions but dont really know the complicated stuff. I actullay swear by Heritage Oaks bank (James Makowsi is the Vice Pres and has done loans for myself and both of my siblings) on thecentral coast of california but I think they only deal with the western states but they are knowledgeble and deal with complicated issues like trusts, rental income, losses, self employed, VA, and other issues better then the internet companies.

No offense OP but I'm an underwriter for Home Loans Refi and Purchases, and I did a purchase today for one of the "bigger" banks below prime @ 2.75% with an APR of 3.078%....Seller paid closing costs and 3.5% down. Not trying to hate on your deal and you can delete this comment if needed.

As we're trying to compare costs with Provident, its hard because they don't have a breakdown of closing costs. So while they may have a larger "credit", we dont know the total fees so its impossible to compare.

Can someone chime in on that?

boxhomeloans has preset deals with vendors to offer services at preset costs, but on closing costs you can shop for title and escrow and most costs are the same, you do have to do your homework prior to making the decision but in my case it was. For instance, I used a small Title/escrow company and it saved me over $500 on the closing costs. the customer controls most of the closing costs if you shop them around, do some phone calls, get the quotes, add it to the $1,099.00 origination costs for provident and compare it to the closing credit.

No offense OP but I'm an underwriter for Home Loans Refi and Purchases, and I did a purchase today for one of the "bigger" banks below prime @ 2.75% with an APR of 3.078%....Seller paid closing costs and 3.5% down. Not trying to hate on your deal and you can delete this comment if needed.

Obviously seller paid costs is the big difference though.

2.75 30 year fixed, how much in points, 30 year fixed, more info would help so we could compare apples to apples. I know the apr is 3.078, but we want to know the price and points to help us compare.

No offense OP but I'm an underwriter for Home Loans Refi and Purchases, and I did a purchase today for one of the "bigger" banks below prime @ 2.75% with an APR of 3.078%....Seller paid closing costs and 3.5% down. Not trying to hate on your deal and you can delete this comment if needed.

Obviously seller paid costs is the big difference though.

Well sure, if the seller is willing to pay closing costs, i'd buy as many points as I could! right? haha